TransMontaigne Oil Co.
by August 10, 1998 12:00 am 49 views
TransMontaigne Oil Co. said revenues for the fiscal year ended April 30 increased 68.6 percent to almost $2 billion from $1.2 billion in 1997. Net operating margin increased 93.3 percent to $41.3 million from $21.3 million.
Operating income increased 94.3 percent to $19.2 million from $9.9 million last fiscal year. Earnings before income taxes increased 75.5 percent to $13.1 million from $7.5 million.
Net earnings decreased 16.7 percent to $7.6 million from $9.2 million last year. Net earnings per common share was down from 42 cents per share last year to 30 cents per share this year. The decrease in earnings was attributed to a provision for income tax expenses representing 21 cents per common share in the current year while an income tax benefit of 8 cents per common share was recognized in the prior year.